How much money has been created from QE since 2008?

zegna

zegna

zegna

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Before someone provides me with a link to Google, I can assure you I've searched already.

So as a Londoner, as most of you are probably aware, property prices are hitting frankly disgusting levels. Not sure where all this money has come from.. so it got me thinking..

I'm curious, given I don't have a sieve-like memory - Just how much has been pumped into the UK economy through quantitative easing (QE) since 2008?

I'm trying to connect a very vague dot between what happened during the financial collapseof the world, and what is happening now. This might sound a bit far fetched, but I've felt a bit a deja vu..
 
zegna said:
So as a Londoner, as most of you are probably aware, property prices are hitting frankly disgusting levels. Not sure where all this money has come from.. so it got me thinking..
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foreign investment in London property as it's seen as a very solid investment even without having to bother renting it out.
 
zegna said:
Before someone provides me with a link to Google, I can assure you I've searched already.
Click to expand...

not very well...

http://lmgtfy.com/?q=bank+of+england+quantitative+easing

first link:

http://www.bankofengland.co.uk/monetarypolicy/pages/qe/default.aspx

Between March and November 2009, the MPC authorised the purchase of £200 billion worth of assets, mostly UK Government debt or “gilts”. The MPC voted to begin further purchases of £75 billion in October 2011 and, subsequently, at its meeting in February 2012 the Committee decided to buy an additional £50 bn. In July the MPC announced the purchase of a further £50bn to bring total assets purchases to £375 bn.
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Tefal said:
foreign investment in London property as it's seen as a very solid investment even without having to bother renting it out.
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Correct. But foreign investment surely must only account for a fraction of the spend in London.. Probably within the Zone 1 areas..
 
zegna said:
Great,

So tell me, how much has been spent? Given that article only mentions the spend in 2009..
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you're kidding me - I've even highlighted it for you :confused:

and you're calling me an idiot.... its literally the first thing on the google search... you could even read the wikipedia article on quantitative easing to get the answer....
 
@OP - for the sake of basic reading comprehension - the bit where it says "total assets purchases to £375 bn"

means the total... as in all of it... everything... over the years...

comes to: 375 billion

I realise that's hard to grasp you may want to read it a few times
but

its: 375 billion

that is:

375,000,000,000

OK?
 
zegna said:
Great,

So tell me, how much has been spent? Given that article only mentions the spend in 2009..
Click to expand...

LOL we have a live one here folks...with that sort of attitude fella you wont last long here...try to refrain from calling people idiots especially when it makes you look like a bigger one.
 
zegna said:
Correct. But foreign investment surely must only account for a fraction of the spend in London.. Probably within the Zone 1 areas..
Click to expand...

Got that wrong IMO. It's not just Zone 1, it's pretty much anywhere with new build apartments within a good distance of public transport. It's also not just millionaires.
 
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